Dr. Ing. h.c. F. Porsche AG

DB:P911 Stock Report

Market Cap: €53.7b

Dr. Ing. h.c. F. Porsche Valuation

Is P911 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of P911 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: P911 (€59.18) is trading below our estimate of fair value (€72.62)

Significantly Below Fair Value: P911 is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for P911?

Key metric: As P911 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for P911. This is calculated by dividing P911's market cap by their current earnings.
What is P911's PE Ratio?
PE Ratio13.5x
Earnings€3.98b
Market Cap€53.69b

Price to Earnings Ratio vs Peers

How does P911's PE Ratio compare to its peers?

The above table shows the PE ratio for P911 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average4x
MBG Mercedes-Benz Group
4.7x3.1%€50.2b
VOW3 Volkswagen
3.3x9.6%€41.2b
BMW Bayerische Motoren Werke
5.4x3.9%€42.9b
PAH3 Porsche Automobil Holding
2.8x18.5%€10.5b
P911 Dr. Ing. h.c. F. Porsche
13.5x11.3%€53.7b

Price-To-Earnings vs Peers: P911 is expensive based on its Price-To-Earnings Ratio (13.5x) compared to the peer average (4x).

Price to Earnings Ratio vs Industry

How does P911's PE Ratio compare vs other companies in the Global Auto Industry?

2 CompaniesPrice / EarningsEstimated GrowthMarket Cap
P911 13.5xIndustry Avg. 15.9xNo. of Companies14PE01020304050+
2 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: P911 is good value based on its Price-To-Earnings Ratio (13.5x) compared to the Global Auto industry average (15.9x).

Price to Earnings Ratio vs Fair Ratio

What is P911's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

P911 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.5x
Fair PE Ratio9x

Price-To-Earnings vs Fair Ratio: P911 is expensive based on its Price-To-Earnings Ratio (13.5x) compared to the estimated Fair Price-To-Earnings Ratio (9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst P911 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€59.18
€82.17
+38.8%
12.5%€110.00€65.00n/a19
Nov ’25€65.14
€82.54
+26.7%
12.0%€110.00€65.00n/a19
Oct ’25€71.20
€84.80
+19.1%
11.6%€110.00€65.00n/a19
Sep ’25€71.08
€86.64
+21.9%
12.2%€110.00€65.00n/a19
Aug ’25€69.02
€87.01
+26.1%
11.4%€110.00€72.00n/a19
Jul ’25€69.52
€95.62
+37.5%
11.0%€110.00€72.00n/a19
Jun ’25€76.08
€97.41
+28.0%
11.0%€120.00€72.00n/a19
May ’25€83.82
€100.07
+19.4%
8.9%€120.00€82.00n/a19
Apr ’25€92.30
€98.23
+6.4%
9.8%€120.00€80.00n/a19
Mar ’25€86.50
€95.02
+9.8%
10.1%€120.00€80.00n/a20
Feb ’25€80.04
€95.76
+19.6%
10.0%€120.00€80.00n/a19
Jan ’25€80.02
€102.30
+27.8%
10.8%€124.00€90.00n/a18
Dec ’24€84.14
€105.24
+25.1%
11.1%€126.00€90.00n/a18
Nov ’24€82.92
€108.30
+30.6%
14.0%€141.00€90.00€65.1418
Oct ’24€89.12
€115.41
+29.5%
12.2%€140.00€90.00€71.2018
Sep ’24€98.36
€117.63
+19.6%
13.2%€152.00€90.00€71.0818
Aug ’24€112.40
€118.41
+5.3%
13.1%€152.00€90.00€69.0218
Jul ’24€113.70
€119.67
+5.3%
12.1%€149.00€87.00€69.5217
Jun ’24€116.15
€119.91
+3.2%
12.1%€149.00€87.00€76.0817
May ’24€113.40
€119.32
+5.2%
13.0%€149.00€87.00€83.8217
Apr ’24€117.90
€115.49
-2.0%
13.2%€140.00€87.00€92.3017
Mar ’24€113.00
€112.28
-0.6%
11.9%€140.00€85.00€86.5016
Feb ’24€109.70
€111.84
+1.9%
11.7%€140.00€85.00€80.0416
Jan ’24€95.05
€108.10
+13.7%
13.3%€140.00€82.50€80.0217
Dec ’23€107.60
€108.11
+0.5%
13.7%€140.00€82.50€84.1416
Nov ’23€105.30
€97.45
-7.5%
5.5%€105.00€90.00€82.924

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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